Digital 9 Infrastructure (LON:DGI9) Trading 1% Higher – Still a Buy?

Digital 9 Infrastructure (LON:DGI9) shares traded up 1% during mid-day trading on Wednesday . The stock traded as high as GBX 5.27 and last traded at GBX 5.25. 910,968 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 2,425,128 shares. The stock had previously closed at GBX 5.20.

Digital 9 Infrastructure Stock Down 0.7%

The firm has a market capitalization of £44.85 million and a PE ratio of -0.19. The company’s 50-day simple moving average is GBX 5.57 and its 200 day simple moving average is GBX 7.13.

About Digital 9 Infrastructure

As announced on 29 January 2024, following the completion of a Strategic Review, the Board has determined that it would be in the best interests of shareholders as a whole to put forward a proposal for a managed wind-down of the Company.
The proposal was approved by the shareholders on 25 March 2024 (99.89% of votes in favour).

As announced on 11 October 2024, InfraRed has been appointed as the Company’s investment manager and AIFM.